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Back alternative economic policy offered by Left, Yechury urges youth

Special Correspondent

Photo: M. Srinath

STATE CONFERENCE: Members of the Students Federation of India taking out a rally in Thanjavur on Friday. —

THANJAVUR: Youth should shoulder the responsibility of building a prosperous India by backing the alternative economic policy offered by Left parties, said Sitaram Yechury, CPI (M) leader and former all India president of the Students Federation of India here on Friday.

Addressing the 21st State conference of the SFI at Thilakar Thidal, Mr. Yechury said 54 per cent of the population in India was aged below 25 years and 70 per cent below 40 years.

The youth should choose between the economic policies followed by the United Progressive Alliance and National Democratic Alliance and the alternative policy offered by the Left parties.

The policies of the UPA and the NDA would help only multinationals and corporate giants earn huge profits. On the other hand, the alternative economic policy offered by the Left would improve the welfare of the 78 per cent of the people, who were earning just Rs.20 a day.

Mr. Yechury said the nuclear deal, according to Prime Minister Manmohan Singh, would augment India’s energy. But, the cost involved would be enormous. For producing one MW of power using imported nuclear fuel, the cost would be Rs.11 crore. According to Dr. Singh, we require 20,000 MW of nuclear power and the cost would come to Rs.2.20 lakh crore.

On the other hand for producing one MW of power using water, coal and natural gas would cost only Rs.3 crore.

For producing 20,000 MW, the cost would be Rs.60,000 crore, a difference of Rs.1.5 lakh crore.

If power was generated using imported nuclear fuel, the difference amount would go to multinational companies. The same amount could be used for starting 2.5 lakh navodhaya schools to educate 2.5 lakh students.

“We want the amount to be spent for the welfare of the poor,” Mr. Yechury said.

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